> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica/annex-iv.md).

# ANNEX IV

|                 |                                                                                 |
| --------------- | ------------------------------------------------------------------------------- |
| **Instrument**  | Regulation (EU) 2023/1114 (MiCA)                                                |
| **Source**      | [EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) |
| **Status**      | In force                                                                        |
| **Review rule** | Legal-text changes require human review                                         |

#### MINIMUM CAPITAL REQUIREMENTS FOR CRYPTO-ASSET SERVICE PROVIDERS

<table data-header-hidden><thead><tr><th valign="top"></th><th valign="top"></th><th valign="top"></th></tr></thead><tbody><tr><td valign="top"><a href="https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider">Crypto-asset service providers</a></td><td valign="top">Type of crypto-asset services</td><td valign="top">Minimum capital requirements under <a href="/pages/tAEh2xsZEDy3buj4EuoZ">Article 67</a>(1), point (a)</td></tr><tr><td valign="top">Class 1</td><td valign="top"><p>Crypto-asset service provider authorised for the following crypto-asset services:<br>— execution of orders on behalf of <a href="https://www.mica.wtf/definitions/definitions/mica/client">clients</a>;</p><p>— <a href="https://www.mica.wtf/definitions/definitions/mica/placing-of-crypto-assets">placing of crypto-assets</a>;</p><p>— <a href="https://www.mica.wtf/definitions/definitions/mica/providing-transfer-services-for-crypto-assets-on-behalf-of-clients">providing transfer services for crypto-assets on behalf of clients</a>;</p><p>— <a href="https://www.mica.wtf/definitions/definitions/mica/reception-and-transmission-of-orders-for-crypto-assets-on-behalf-of-clients">reception and transmission of orders for crypto-assets on behalf of clients</a>;</p><p>— <a href="https://www.mica.wtf/definitions/definitions/mica/providing-advice-on-crypto-assets">providing advice on crypto-assets</a>; and/or</p><p>— providing portfolio management on crypto-assets.</p></td><td valign="top">EUR 50 000</td></tr><tr><td valign="top">Class 2</td><td valign="top"><p>Crypto-asset service provider authorised for any crypto-asset services under class 1 and:<br>— <a href="https://www.mica.wtf/definitions/definitions/mica/providing-custody-and-administration-of-crypto-assets-on-behalf-of-clients">providing custody and administration of crypto-assets on behalf of clients</a>;</p><p>— <a href="https://www.mica.wtf/definitions/definitions/mica/exchange-of-crypto-assets-for-funds">exchange of crypto-assets for funds</a>; and/or</p><p>— <a href="https://www.mica.wtf/definitions/definitions/mica/exchange-of-crypto-assets-for-other-crypto-assets">exchange of crypto-assets for other crypto-assets</a>.</p></td><td valign="top">EUR 125 000</td></tr><tr><td valign="top">Class 3</td><td valign="top">Crypto-asset service provider authorised for any crypto-asset services under class 2 and:<br>— <a href="https://www.mica.wtf/definitions/definitions/mica/operation-of-a-trading-platform-for-crypto-assets">operation of a trading platform for crypto-assets</a>.</td><td valign="top">EUR 150 000</td></tr></tbody></table>

### Related

* [reception and transmission of orders for crypto-assets on behalf of clients](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/reception-and-transmission-of-orders-for-crypto-assets-on-behalf-of-clients.md) — defined term used on this page
* [providing custody and administration of crypto-assets on behalf of clients](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/providing-custody-and-administration-of-crypto-assets-on-behalf-of-clients.md) — defined term used on this page
* [providing transfer services for crypto-assets on behalf of clients](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/providing-transfer-services-for-crypto-assets-on-behalf-of-clients.md) — defined term used on this page
* [exchange of crypto-assets for other crypto-assets](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/exchange-of-crypto-assets-for-other-crypto-assets.md) — defined term used on this page
* [operation of a trading platform for crypto-assets](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/operation-of-a-trading-platform-for-crypto-assets.md) — defined term used on this page
* [exchange of crypto-assets for funds](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/exchange-of-crypto-assets-for-funds.md) — defined term used on this page
* [providing advice on crypto-assets](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/providing-advice-on-crypto-assets.md) — defined term used on this page
* [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/dora/crypto-asset-service-provider.md) — defined term used on this page


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